"Great minds are to make others great. Their superiority is to be used not to break the multitude to intellectual vassalage, not to establish over them a spiritual tyranny, but to rouse them from lethargy, and to aid them to judge for themselves. The light and life which spring up in one soul are to be spread far and wide. Of all treasons against humanity, there is no one worse than his who employs great intellectual force to keep down the intellect of his brother." W. E. Channing

12 June 2013

Gold Daily and Silver Weekly Charts - Hunger Games

The overnight news about revelations of price rigging and market manipulation in order to steal money from customers was disconcerting. You may wish to scroll down and read more about it.

The FOMC meets next week. Tomorrow will bring more economic news.

QE is not over by a long shot. They may call it something else. They may wrap it in a different package. And the government may finally get busy and do some decent economic planning for growth rather than this interminable infighting and divvying of loot.

People may wish to protect some of their wealth from expropriation. There are a number of things one may do if you have not done so already.

One of the things you may wish to do is to watch The Hunger Games if you have not had time to read the books. I think that the dystopia it portrays is as possible as 1984 or a Brave New World. Or perhaps even something by Charles Dickens.

The price manipulation in the markets is fairly obvious for anyone who wishes to look and see it. I mean, really.

Madame Le Moderateur

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Need Little - Want Less - Love More

The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustainable recovery.

"There is a vision to remake the world's economy according to the neo-liberal agenda, and to rule it with an 'iron rod' wielded by the US. It would be under the control, described as benevolent guidance, of an oligarchy of the self-proclaimed wisest and most powerful of the multinational elite. The key goal now is to subdue any effective competition, and to gain the full cooperation of the other major powers. They are testing their model of a confederation of nations under central control in Europe."Welcome to Jesse's Café Américain - These are personal observations about the economy and the markets. In providing information, I hope this allows you to make your own decisions in an informed manner, even if it is from learning by my mistakes, which are many. As a standing policy I never provide individual investment advice to anyone. I will only occasionally disclose my personal positions for purposes of illustration. Understand that my own circumstances could differ greatly from your own, and therefore what is suitable for me may not be suitable for you. My comments are intended to be reflection on general macro financial and economic events and trends.